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Russia’s central bank recently warned about the growing financial risks to the Russian economy from SaudiArabia encroaching upon its traditional export market for crude oil. lately due to increased competition from SaudiArabia. by Nick Cunningham of Oilprice.com. MORE

SaudiArabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades. The decision to bring such important data to light comes as Saudi Aramco is preparing to partially privatize its assets, an IPO that could bring in some $100 billion. SaudiArabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer. But nobody knows except the Saudis. MORE

SaudiArabia inaugurated its first solar power plant on 1 October as it continues to diversify its energy sources. The plant was constructed by the Saudi Electricity Company (SEC) and Showa Shell Sekiyu K.K., a Japanese energy company partly owned by the Saudi Arabian Oil Company. The sun in SaudiArabia emits about 7,000 watts of energy per square meter over an average of 12 hours every day. MORE

King Abdullah University of Science and Technology ( KAUST ), a new graduate-level research university located in Thuwal, SaudiArabia, has commissioned UK-based Elektromotive to install 150 Elektrobay charging stations across its campus by September 2009—one of the largest single EV infrastructure deals so far. MORE

oil Middle East energy policy United Arab Emirates SaudiArabiaGlobal oil prices have remained fairly low for most of this year, which should be good news for people in most of the industrialized world. But that's not the case in the oil-rich United Arab Emirates. The continued slump in prices has prodded the seven-state federation to make a somewhat radical change in policy. DON'T MISS: IMF: Fossil Fuels. MORE

The US shale oil industry faces an implacable foe in the current crisis: SaudiArabia. SaudiArabia is uniquely positioned to withstand low oil prices given that inside sources say the country has nearly $800 billion in reserves to weather the storm. At this point, SaudiArabia’s currency reserves are roughly equal to the combined market capitalization of the entire US shale oil industry. by Michael McDonald on Oilprice.com. MORE

Renewable energy, especially solar, is making inroads into the U.S. power grid, but it's a very slow process. And especially in the wake of the Solyndra collapse, it's one fraught with political wrangling. But there's another country that plans to invest heavily in solar power, hoping to provide fully 30 percent of its energy needs from the sun in MORE

Whether you call them fuel-economy standards or carbon-emission limits, new vehicles sold in North America, Europe, China, and elsewhere are subject to regulations that will require them to get more energy-efficient. Now, another country is discussing new regulations that would require both new and imported used vehicles to meet minimum gas MORE

Located between Israel and SaudiArabia, Jordan isn''t generally thought of in connection with electric cars, but its government hopes to change that with a combination of incentives and infrastructure buildup. Jordan may soon join the list of countries that heavily promote electric cars. MORE

Green cars Latest news crude oil prices fuel efficient car prices fuel efficient cars Kelley Blue Book Kelley Blue Book prices SaudiArabiaWith petrol prices starting to fall, so at last are the prices for fuel efficient vehicles. According to Kelley Blue Book’s kbb.com, prices increased close to 25 per cent through 20 weeks of consecutive gains. However, values for fuel efficient used vehicles have now peaked as for the first time since January, values for compact, [.]. MORE

Oil traders also took heart in news that SaudiArabia is following through on major oil export reductions. In December, SaudiArabia slashed oil exports by roughly 500,000 bpd, according to Bloomberg. by Nick Cunningham of Oilprice.com. Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. The price gains are not entirely convincing. MORE

In June 2015, SaudiArabia pumped a record 10.564 million barrels a day, a record level. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. How will SaudiArabia Capture Market Share Downstream? MORE

So even though SaudiArabia has refused to constrain its production to. Gasoline prices, which fell below $2 a gallon in many parts of the United States over the winter, have been slowly rising again. And given the supply-and-demand equations in the global oil industry, that means that demand has risen as supplies have stayed steady or fallen. Green Gasoline India fuel consumption oil supply and demand MORE

SaudiArabia continues to ratchet up production, taking market share away from US shale producers. According to OPEC's latest monthly oil report , SaudiArabia boosted its oil output to 10.31 SaudiArabia has increased production by 700,000 barrels per day since the fourth quarter of 2014 in an effort maintain market share. In other words, as SaudiArabia ramps up, US shale is being forced to cut back. by James Stafford of Oilprice.com. MORE

A number of factors are pushing SaudiArabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy. Most notably, a rise in Saudi crude-oil output could trigger a damaging period of global oversupply, said Jim Krane, the Wallace S. MORE

The Dow Chemical Company plans to invest in a best-in-class manufacturing facility for Dow FILMTEC reverse osmosis (RO) elements in the Kingdom of SaudiArabia. The proposed facility would deliver local supply security of advanced technologies for water desalination and water re-use for potable, non-potable and industrial water serving SaudiArabia, the surrounding Middle East and North Africa region and emerging markets worldwide. MORE

Afghanistan could become the ‘SaudiArabia of lithium’ an internal memo from the US Pentagon hints after new research revealed that the country has vast reserves of the valuable mineral. According to the New York Times, a US geological survey of the war-torn country reveals that it may have huge deposits of minerals including iron, [.]. MORE

To cut and push up prices or not to cut and preserve market share, this is the question that SaudiArabia is facing ahead of this year’s December OPEC meeting. SaudiArabia is not an exception. A recent report from Capital Economics said SaudiArabia has its problems but it could withstand lower oil prices without feeling too much of a pinch. It’s a classic rock and a hard place situation for the Saudis. by Irina Slav for Oilprice.com. MORE

Saudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude-oil-to-chemicals (COTC) complex in the Kingdom of SaudiArabia, which governs the execution of the Front End Engineering Design (FEED) before a final investment decision is made. The project will, therefore, help achieve the respective growth ambitions of Sabic and Saudi Aramco and further establishes the Kingdom as one of the pioneers in the petrochemicals industry. MORE

A new statistical method developed by researchers at KAUST (King Abdullah University of Science and Technology, SaudiArabia) can detect abnormal ozone levels within large bodies of monitored data. Sun and her colleagues also hope to apply their data analysis techniques to dust pollution, another major environmental issue in SaudiArabia. MORE

Why is it that we expect OPEC (and since SaudiArabia is the only producer with the substantial ability to ratchet up and down production, we really are talking about SaudiArabia) to cut output in order to help out American oil producers? MORE

Oil-rich SaudiArabia could find itself in a vulnerable position if world economies shift away from fossil fuels for transportation over the coming decades. oil Middle East energy policy transportation policy SaudiArabiaThe Middle Eastern kingdom is now preparing for that eventually, socking away money for a post-oil economy. The government is creating a Public Investment Fund that will eventually control $2. MORE

oil plug-in cars SaudiArabia ExxonJust over five years after the first modern electric cars went on sale in significant numbers, they have become firmly entrenched in the marketplace. Carmakers are planning more electric models to satisfy both consumer demand and increasingly-strict emissions standards. But do the interests behind oil production see electric cars as a threat to. MORE

SaudiArabia may be one of the most oil-rich nations on the planet, but even this Middle Eastern country is planning to cut its carbon emissions. That's because as other countries work to reduce oil consumption, the Saudi government is worried about what effect efforts to combat climate change will have on its national economy. Green Middle East SaudiArabia emissions energy policy oil transportation policy MORE

SaudiArabia and Kuwait enjoy some of the lowest production costs in the world, at about $10 and $8.50, respectively, according to Rystad Energy data. It’s hard to measure costs when this oil has to pay for all the luxuries of the Saudi royal family. MORE

A team at the Clean Combustion Research Center, King Abdullah University of Science and Technology (KAUST) in SaudiArabia has shown that burning fuel at high pressure can significantly increase the size of the soot particles that are produced. MORE

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue SaudiArabia's role of guarantor of $100+/bbl oil. MORE

Oil-rich SaudiArabia is now starting to contemplate a future in which gasoline and diesel now longer power the majority of the world's cars. It's part of a plan known as "Vision 2030" that SaudiArabia. oil Middle East energy policy transportation policy SaudiArabiaOver the next decade and a half, it hopes to transition its economy away from oil, largely by investing today's oil revenues in other industries. MORE

billion barrels) in the world with only 19% of Canada’s reserves and 12% of SaudiArabia’s reserves. For all the fanfare about the US surpassing SaudiArabia in production of crude oil, we are not even players in reserves. by Arthur E. Berman for Oilprice.com. MORE

This is a delicate balancing act that the Saudis need to play very carefully. The question is, how many times can the Saudis cry wolf without forever losing the ability to leverage this chatter to affect a rise in oil prices? SaudiArabia. MORE

The Aramco Research Center-Detroit was inaugurated as one of three US-based research and development (R&D) centers aimed at expanding the global research capabilities of Saudi Aramco, the leading global integrated energy and chemicals company. Nasser, President and CEO, Saudi Aramco. Aramco’s other research facilities are located in Aberdeen; Delft, The Netherlands; Daejeon, Korea; Paris; and Beijing; as well as Dhahran and Thuwal, SaudiArabia. MORE

The amount of crude oil the United States imported from its top five foreign suppliers—Canada, SaudiArabia, Mexico, Venezuela, and Nigeria—increased slightly during 2011, even though total US crude oil imports fell to their lowest level in 12 years, according to the US Energy Information Administration. Canada, SaudiArabia, Mexico, Venezuela, and Nigeria have consistently been America’s five largest crude oil suppliers, although their rankings varied from year to year. MORE

The rivalry between SaudiArabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. SaudiArabia, OPEC’s largest producer, has been boosting oil production to offset supply disruptions elsewhere, including the anticipated loss of Iranian oil supply after U.S. The Saudis are also cutting their prices to the prized Asian market to lure more customers as they increase supply. MORE

SaudiArabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, SaudiArabia has been one of the major driving forces behind the current oil price slump. MORE

DON'T MISS: Even SaudiArabia vows to end its. oil Middle East energy policy United Arab Emirates SaudiArabiaCheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up. In some cases, that means cutting back on cheap gas for their own citizens. MORE

Australia, Russia, SaudiArabia and others meeting on the sidelines to promote burning coal, the leaders reached some agreements on how the Paris Climate Accords will be implemented when it goes into effect in 2020: Each. Last month, world leaders met in Poland to agree on the next steps in measuring and limiting climate change. Despite the U.S., MORE

In the last quarter of 2014, in the face of possible oversupply, SaudiArabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. In October, Saudi sources first prepared the market with statements that the country would be comfortable with oil prices as low as $80 per barrel for “a year or two.” The Saudis Expected a Hole, Not a Bottomless Pit. MORE

This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.

SaudiArabia may be one of the most oil-rich nations on the planet, but even this Middle Eastern country is planning to cut its carbon emissions. That's because as other countries work to reduce oil consumption, the Saudi government is worried about what effect efforts to combat climate change will have on its national economy. Green Middle East SaudiArabia emissions energy policy oil transportation policy

Oil-rich SaudiArabia is now starting to contemplate a future in which gasoline and diesel now longer power the majority of the world's cars. It's part of a plan known as "Vision 2030" that SaudiArabia. oil Middle East energy policy transportation policy SaudiArabiaOver the next decade and a half, it hopes to transition its economy away from oil, largely by investing today's oil revenues in other industries.

Oil-rich SaudiArabia could find itself in a vulnerable position if world economies shift away from fossil fuels for transportation over the coming decades. oil Middle East energy policy transportation policy SaudiArabiaThe Middle Eastern kingdom is now preparing for that eventually, socking away money for a post-oil economy. The government is creating a Public Investment Fund that will eventually control $2.

The rivalry between SaudiArabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. SaudiArabia, OPEC’s largest producer, has been boosting oil production to offset supply disruptions elsewhere, including the anticipated loss of Iranian oil supply after U.S. The Saudis are also cutting their prices to the prized Asian market to lure more customers as they increase supply.

SaudiArabia continues to ratchet up production, taking market share away from US shale producers. According to OPEC's latest monthly oil report , SaudiArabia boosted its oil output to 10.31 SaudiArabia has increased production by 700,000 barrels per day since the fourth quarter of 2014 in an effort maintain market share. In other words, as SaudiArabia ramps up, US shale is being forced to cut back. by James Stafford of Oilprice.com.

SaudiArabia inaugurated its first solar power plant on 1 October as it continues to diversify its energy sources. The plant was constructed by the Saudi Electricity Company (SEC) and Showa Shell Sekiyu K.K., a Japanese energy company partly owned by the Saudi Arabian Oil Company. The sun in SaudiArabia emits about 7,000 watts of energy per square meter over an average of 12 hours every day.

A number of factors are pushing SaudiArabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy. Most notably, a rise in Saudi crude-oil output could trigger a damaging period of global oversupply, said Jim Krane, the Wallace S.

The US shale oil industry faces an implacable foe in the current crisis: SaudiArabia. SaudiArabia is uniquely positioned to withstand low oil prices given that inside sources say the country has nearly $800 billion in reserves to weather the storm. At this point, SaudiArabia’s currency reserves are roughly equal to the combined market capitalization of the entire US shale oil industry. by Michael McDonald on Oilprice.com.

Oil-rich SaudiArabia could find itself in a vulnerable position if world economies shift away from fossil fuels for transportation over the coming decades. oil Middle East energy policy transportation policy SaudiArabiaThe Middle Eastern kingdom is now preparing for that eventually, socking away money for a post-oil economy. The government is creating a Public Investment Fund that will eventually control $2.

Renewable energy, especially solar, is making inroads into the U.S. power grid, but it's a very slow process. And especially in the wake of the Solyndra collapse, it's one fraught with political wrangling. But there's another country that plans to invest heavily in solar power, hoping to provide fully 30 percent of its energy needs from the sun in

Whether you call them fuel-economy standards or carbon-emission limits, new vehicles sold in North America, Europe, China, and elsewhere are subject to regulations that will require them to get more energy-efficient. Now, another country is discussing new regulations that would require both new and imported used vehicles to meet minimum gas

The Dow Chemical Company plans to invest in a best-in-class manufacturing facility for Dow FILMTEC reverse osmosis (RO) elements in the Kingdom of SaudiArabia. The proposed facility would deliver local supply security of advanced technologies for water desalination and water re-use for potable, non-potable and industrial water serving SaudiArabia, the surrounding Middle East and North Africa region and emerging markets worldwide.

King Abdullah University of Science and Technology ( KAUST ), a new graduate-level research university located in Thuwal, SaudiArabia, has commissioned UK-based Elektromotive to install 150 Elektrobay charging stations across its campus by September 2009—one of the largest single EV infrastructure deals so far.

DON'T MISS: Even SaudiArabia vows to end its. oil Middle East energy policy United Arab Emirates SaudiArabiaCheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up. In some cases, that means cutting back on cheap gas for their own citizens.

oil Middle East energy policy United Arab Emirates SaudiArabiaGlobal oil prices have remained fairly low for most of this year, which should be good news for people in most of the industrialized world. But that's not the case in the oil-rich United Arab Emirates. The continued slump in prices has prodded the seven-state federation to make a somewhat radical change in policy. DON'T MISS: IMF: Fossil Fuels.

oil plug-in cars SaudiArabia ExxonJust over five years after the first modern electric cars went on sale in significant numbers, they have become firmly entrenched in the marketplace. Carmakers are planning more electric models to satisfy both consumer demand and increasingly-strict emissions standards. But do the interests behind oil production see electric cars as a threat to.

Australia, Russia, SaudiArabia and others meeting on the sidelines to promote burning coal, the leaders reached some agreements on how the Paris Climate Accords will be implemented when it goes into effect in 2020: Each. Last month, world leaders met in Poland to agree on the next steps in measuring and limiting climate change. Despite the U.S.,

Green cars Latest news crude oil prices fuel efficient car prices fuel efficient cars Kelley Blue Book Kelley Blue Book prices SaudiArabiaWith petrol prices starting to fall, so at last are the prices for fuel efficient vehicles. According to Kelley Blue Book’s kbb.com, prices increased close to 25 per cent through 20 weeks of consecutive gains. However, values for fuel efficient used vehicles have now peaked as for the first time since January, values for compact, [.].

To cut and push up prices or not to cut and preserve market share, this is the question that SaudiArabia is facing ahead of this year’s December OPEC meeting. SaudiArabia is not an exception. A recent report from Capital Economics said SaudiArabia has its problems but it could withstand lower oil prices without feeling too much of a pinch. It’s a classic rock and a hard place situation for the Saudis. by Irina Slav for Oilprice.com.

Located between Israel and SaudiArabia, Jordan isn''t generally thought of in connection with electric cars, but its government hopes to change that with a combination of incentives and infrastructure buildup. Jordan may soon join the list of countries that heavily promote electric cars.

SaudiArabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades. The decision to bring such important data to light comes as Saudi Aramco is preparing to partially privatize its assets, an IPO that could bring in some $100 billion. SaudiArabia often trades off with Russia—and more recently, with the US—as the world’s largest oil producer. But nobody knows except the Saudis.

SaudiArabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, SaudiArabia has been one of the major driving forces behind the current oil price slump.

In June 2015, SaudiArabia pumped a record 10.564 million barrels a day, a record level. Saudis have moved into the product business in a big way,” said Fereidun Fesharaki of FGE Energy. How will SaudiArabia Capture Market Share Downstream?

So even though SaudiArabia has refused to constrain its production to. Gasoline prices, which fell below $2 a gallon in many parts of the United States over the winter, have been slowly rising again. And given the supply-and-demand equations in the global oil industry, that means that demand has risen as supplies have stayed steady or fallen. Green Gasoline India fuel consumption oil supply and demand

Russia’s central bank recently warned about the growing financial risks to the Russian economy from SaudiArabia encroaching upon its traditional export market for crude oil. lately due to increased competition from SaudiArabia. by Nick Cunningham of Oilprice.com.

billion barrels) in the world with only 19% of Canada’s reserves and 12% of SaudiArabia’s reserves. For all the fanfare about the US surpassing SaudiArabia in production of crude oil, we are not even players in reserves. by Arthur E. Berman for Oilprice.com.

This is a delicate balancing act that the Saudis need to play very carefully. The question is, how many times can the Saudis cry wolf without forever losing the ability to leverage this chatter to affect a rise in oil prices? SaudiArabia.

OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue SaudiArabia's role of guarantor of $100+/bbl oil.

The amount of crude oil the United States imported from its top five foreign suppliers—Canada, SaudiArabia, Mexico, Venezuela, and Nigeria—increased slightly during 2011, even though total US crude oil imports fell to their lowest level in 12 years, according to the US Energy Information Administration. Canada, SaudiArabia, Mexico, Venezuela, and Nigeria have consistently been America’s five largest crude oil suppliers, although their rankings varied from year to year.

A team at the Clean Combustion Research Center, King Abdullah University of Science and Technology (KAUST) in SaudiArabia has shown that burning fuel at high pressure can significantly increase the size of the soot particles that are produced.

The Aramco Research Center-Detroit was inaugurated as one of three US-based research and development (R&D) centers aimed at expanding the global research capabilities of Saudi Aramco, the leading global integrated energy and chemicals company. Nasser, President and CEO, Saudi Aramco. Aramco’s other research facilities are located in Aberdeen; Delft, The Netherlands; Daejeon, Korea; Paris; and Beijing; as well as Dhahran and Thuwal, SaudiArabia.

Oil traders also took heart in news that SaudiArabia is following through on major oil export reductions. In December, SaudiArabia slashed oil exports by roughly 500,000 bpd, according to Bloomberg. by Nick Cunningham of Oilprice.com. Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. The price gains are not entirely convincing.

SaudiArabia and Kuwait enjoy some of the lowest production costs in the world, at about $10 and $8.50, respectively, according to Rystad Energy data. It’s hard to measure costs when this oil has to pay for all the luxuries of the Saudi royal family.

In the last quarter of 2014, in the face of possible oversupply, SaudiArabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. In October, Saudi sources first prepared the market with statements that the country would be comfortable with oil prices as low as $80 per barrel for “a year or two.” The Saudis Expected a Hole, Not a Bottomless Pit.

A new statistical method developed by researchers at KAUST (King Abdullah University of Science and Technology, SaudiArabia) can detect abnormal ozone levels within large bodies of monitored data. Sun and her colleagues also hope to apply their data analysis techniques to dust pollution, another major environmental issue in SaudiArabia.

Saudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude-oil-to-chemicals (COTC) complex in the Kingdom of SaudiArabia, which governs the execution of the Front End Engineering Design (FEED) before a final investment decision is made. The project will, therefore, help achieve the respective growth ambitions of Sabic and Saudi Aramco and further establishes the Kingdom as one of the pioneers in the petrochemicals industry.

Why is it that we expect OPEC (and since SaudiArabia is the only producer with the substantial ability to ratchet up and down production, we really are talking about SaudiArabia) to cut output in order to help out American oil producers?

Afghanistan could become the ‘SaudiArabia of lithium’ an internal memo from the US Pentagon hints after new research revealed that the country has vast reserves of the valuable mineral. According to the New York Times, a US geological survey of the war-torn country reveals that it may have huge deposits of minerals including iron, [.].